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Report Description

Report Description

Forecast Period

2023-2028

Market Size (2022)

USD 12.51 Billion

CAGR (2023-2028)

5.05%

Market Size (2028)

USD 16.96 Billion

Fastest Growing Segment

PVC

Largest Market

South India


India Insulated Wire and Cable Market is anticipated to grow at a high CAGR in the forecast period 2024-2028 due to the increased investments in smart grid projects and upgradation of power transmission and distribution systems, rising investments in underground cables and government’s emphasis on pushing renewable energy.

A non-conductive material that is resistive to an electric current makes up an insulated wire or cable. It encloses and safeguards the cable or wire inside. The safety of an insulated wire is typically required at high operating temperatures for equipment like fire alarms, heating devices, automobiles, and other items. The insulation of the wire affects both its efficiency and safety. This type of insulated wire is typically joined by a conductor that has been covered with a heat-resistant organic resin, such fluoro-resin, etc.

Wide Expansion of Power Transmission and Distribution Infrastructure

The transmission and distribution infrastructure continues to remain in focus, especially, with the outlay of INR 2.6 lakh crore announced by the Government for the five-year period ending 2021. There is a sharper focus on high voltage transmission lines along with the Government’s aims to provide 24*7 power, which is opening opportunities in the India Insulated Wire and Cable Market. DISCOMS which have joined the UDAY scheme are expected to improve their T&D infrastructure through renewed investments. The government’s target of generation of 100 GW of solar energy by 2022 and measures such as excise duty exemption for ferro-silicon magnesium used for manufacturing components for wind-operated electric power generators have augmented the demand for insulated wires and cables.

Rising Demand for Renewable Energy

Reduce its dependence on fossil fuels, the Indian government is researching green energy technology. The number of wind farms and solar farms being built is growing, which raises the need for insulated lines and cables. Furthermore, it is anticipated that the deployment of subterranean cables and wires for power distribution will speed up market growth due to the emergence of offshore renewable technologies, such as offshore wind farms. The increased need for renewable energy will cause the insulated wires and cables market to grow faster in India.

Surge in Number of Data Centres

Data centres are essential for IT services, communication, and networking. Data centres heavily rely upon data storage and routing traffic through them. Due to the growth of big data, data centres are now in great demand, and the emergence of Big Data is contributing to the exponential growth of qualitative and reliable data centres that would cost billions of dollars. The growing count of data centres for increased availability, security, and affordable connectivity of IT infrastructure would surge the requirement of insulated wires and cables across the country.

Increasing Infrastructural Development

A growing population along with the surging demand for electricity is driving the growth of the India insulated wire and cable market. With growing urbanisation and escalating investments in infrastructure and construction projects, there is development in financing and impact of technology. The need for resilience and sustainability, is likely to boost the market growth of insulated wire and cable across the country over the forecast period. Moreover, technological advancements along with the growing trend for intensified networking and miniaturisation are likely to influence the market across the country as digitalisation shifts the connection technology environment. Moreover, the trend for system solutions and the production is becoming modular and flexible which is further boosting the market growth of insulated wire and cable across the country.

 

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Recent Developments in India insulated wire and cable market:

In 2021, Kemtree Enterprises Pvt. Ltd., an Indian manufacturer of lubricants, has established a partnership with Electric Cable Compounds Inc. (ECC). Kemtree intends to provide premium cable compounds for Indian wire and cable makers following this deal with ECC Inc.

The producer of cable machinery Maillefer has announced the opening of a new building wire insulation line for wire and cable makers in Hyderabad in 2021. The new wire insulation line from Maillefer can move at a maximum speed of 1200 MPM. According to Maillefer, this new line will have quick startup times and cheaper production costs because it uses less raw materials.

Market Segments

India insulated wire and cable market is segmented into type, rating, product installation, end user, and region. Based on type, the market is segmented into XLPE, HDPE, HMWPE, and PVC. Based on rating, the market is segmented into low voltage, medium voltage, high voltage, and ultra-high voltage. Based product installation, the market is segmented into overhead and underground. Based on end user, the market is segmented into telecommunication, energy & power, electronics, construction, automotive, and others. The market analysis studies the regional segmentation to devise regional market segmentation, divided among north, east, west, and south.

Market Players

Major market players of India insulated wire and cable market are Polycab Wires Pvt. Ltd., Havells India Ltd., Finolex Cables Limited, KEI Industries Ltd., RR Kabel Limited, Universal Cables Ltd., Uniflex Cables Limited, V-Guard Industries Ltd., Gupta Power Infrastructure Ltd., KEC International Limited

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments covered

By Type

By Rating

By Product Installation

By End User

By Region

Regional scope

North, East, West, South

Key companies profiled

Polycab Wires Pvt. Ltd., Havells India Ltd., Finolex Cables Limited, KEI Industries Ltd., RR Kabel Limited, Universal Cables Ltd., Uniflex Cables Limited, V-Guard Industries Ltd., Gupta Power Infrastructure Ltd., KEC International Limited

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, India insulated wire and cable market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • India Insulated Wire and Cable Market, By Type
    • XLPE
    • HDPE
    • HMWPE
    • PVC
  • India Insulated Wire and Cable Market, By Rating
    • Low Voltage
    • Medium Voltage
    • High Voltage
    • Ultra-High Voltage
  • India Insulated Wire and Cable Market, By Product Installation
    • Overhead
    • Underground
  • India Insulated Wire and Cable Market, By End User
    • Telecommunication
    • Energy & Power
    • Electronics
    • Construction
    • Automotive
    • Others
  • India Insulated Wire and Cable Market, By Region:

o   North India

o   East India

o   West India

o   South India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Insulated Wire and Cable Market

Available Customizations:

India insulated wire and cable market with the given market data, Tech Sci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India insulated wire and cable market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

4.    Impact of COVID-19 on India Insulated Wire and Cable Market

5.    Voice of Customer

6.    India Insulated Wire and Cable Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type (XLPE, HDPE, HMWPE and PVC)

6.2.2.    By Rating (Low Voltage, Medium Voltage, High Voltage and Ultra High Voltage)

6.2.3.    By Product Installation (Overhead and Underground)

6.2.4.    By End User (Telecommunication, Energy & Power, Electronics, Construction, Automotive and Others)

6.2.5.    By Region

6.3.  By Company (2022)

6.4.  Market Map

7.     North India Insulated Wire and Cable Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type

7.2.2.    By Rating

7.2.3.    By Product Installation

7.2.4.    By End User

8.    East India Insulated Wire and Cable Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type

8.2.2.    By Rating

8.2.3.    By Product Installation

8.2.4.    By End User

9.    West India Insulated Wire and Cable Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type

9.2.2.    By Rating

9.2.3.    By Product Installation

9.2.4.    By End User

10.  South India Insulated Wire and Cable Market Outlook

10.1.               Market Size & Forecast

10.1.1. By Value

10.2.               Market Share & Forecast

10.2.1. By Type

10.2.2. By Rating

10.2.3. By Product Installation

10.2.4. By End User

11.  Market Dynamics

11.1.               Drivers

11.2.               Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Company Profiles

15.1.               Polycab Wires Pvt. Ltd.

15.1.1. Business Overview

15.1.2. Key Revenue (If Available)

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Service Offered

15.2.               Havells India Ltd.

15.2.1. Business Overview

15.2.2. Key Revenue (If Available)

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Service Offered

15.3.               Finolex Cables Limited

15.3.1. Business Overview

15.3.2. Key Revenue (If Available)

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Service Offered

15.4.                  KEI Industries Ltd.

15.4.1. Business Overview

15.4.2. Key Revenue (If Available)

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Service Offered

15.5.               RR Kabel Limited

15.5.1. Business Overview

15.5.2. Key Revenue (If Available)

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Service Offered

15.6.               Universal Cables Ltd.

15.6.1. Business Overview

15.6.2. Key Revenue (If Available)

15.6.3. Recent Developments

15.6.4. Key Personnel

15.6.5. Key Product/Service Offered

15.7.               Uniflex Cables Limited

15.7.1.1.     Business Overview

15.7.2. Key Revenue (If Available)

15.7.3. Recent Developments

15.7.4. Key Personnel

15.7.5. Key Product/Service Offered

15.8.               V-Guard Industries Ltd.

15.8.1. Business Overview

15.8.2. Key Revenue (If Available)

15.8.3. Recent Developments

15.8.4. Key Personnel

15.8.5. Key Product/Service Offered

15.9.               Gupta Power Infrastructure Ltd.

15.9.1. Business Overview

15.9.2. Key Revenue (If Available)

15.9.3. Recent Developments

15.9.4. Key Personnel

15.9.5. Key Product/Service Offered

15.10.             KEC International Limited

15.10.1.               Business Overview

15.10.2.               Key Revenue (If Available)

15.10.3.               Recent Developments

15.10.4.               Key Personnel

16.  Strategic Recommendations

17.  About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

Frequently asked questions

Key market players are Polycab Wires Pvt. Ltd., Havells India Ltd., Finolex Cables Limited, KEI Industries Ltd., RR Kabel Limited, Universal Cables Ltd., Uniflex Cables Limited, V-Guard Industries Ltd., Gupta Power Infrastructure Ltd., KEC International Limited.

The PVC in the India insulated wire and cable market hold the dominant market share in 2022 because PVC (Polyvinyl chloride) is widely used in electrical cable construction for insulation, bedding, and sheathing. Moreover, It is one of the most versatile of the common thermoplastics since its properties can be easily modified.

Underground is the dominating segment by product installation in India Insulated Wire and Cable Market because they can withstand harsh weather conditions in both wet and dry environments.

The main drivers of India Insulated Wire and Cable Market include technological innovations in the communication industry, increased demand of fiber optic cables, increased investments in high-capacity network infrastructure, increased expenditures in smart power transmission and distribution system upgrades and development of smart grids.

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